2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.
The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.
Find out where the Top 100 For-Hire Carriers are based.
Rankings
Rank Company Revenue (000)
1 Forward Air 1,151,244
2 ArcBest 359,900
3 Covenant Logistics Group 337,100
4 Magnate Worldwide 73,000
est
5 Sameday Worldwide 7,400
6 NFI 5,000
Extras
Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.
If your company appears in the 2022 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.
For-Hire News
Business, Logistics, For-Hire

J.B. Hunt Expedites Overseas Delivery of New Containers

J.B. Hunt Transport Services Inc. has expedited overseas delivery of new containers as part of its commitment to grow intermodal capacity, the company announced June 30.

June 30, 2022
Business, Technology, Fuel, Logistics, For-Hire

Hyliion, Cummins Collaborate on Hypertruck ERX

Hyliion Inc. announced it is collaborating with Cummins Inc. to bring Hyliion’s natural gas extended range powertrain to North American trucking on schedule.

Roger Gilroy | Senior Reporter
June 30, 2022
Business, Logistics, For-Hire

FedEx Predicts Profit Growth Under Three-Year Plan

FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks.

Thomas Black | Bloomberg News
June 29, 2022
Business, Technology, Logistics, Autonomous, For-Hire

J.B. Hunt, Waymo Add Wayfair to Autonomous Trucking Program

J.B. Hunt Transport Services Inc. and Waymo added the home goods company Wayfair to its autonomous trucking program, the companies announced June 28.

June 28, 2022
Government, Business, Safety, For-Hire

Supreme Court Declines to Hear C.H. Robinson Appeal

The U.S. Supreme Court has declined to review a federal appellate court decision involving a personal injury suit alleging that freight broker C.H. Robinson Worldwide Inc. was negligent in connection with a serious injury from an accident in 2016 involving a carrier it hired.

Eric Miller | Senior Reporter
June 28, 2022
Business, Logistics, For-Hire

Roadrunner Adds Five New Direct Lanes to LTL Network

Roadrunner grew its nationwide metro-to-metro service network for less-than-truckload shipments with the addition of five direct lanes, the company announced June 23.

June 28, 2022
Business, Logistics, For-Hire

KAG Energy Expands Midwest Footprint

KAG Energy is growing its operations in the Midwest after recently securing new business in the region, the business group announced June 27.

June 27, 2022
Business, Logistics, Breaking News, For-Hire

DB Schenker to Acquire USA Truck for $435 Million

USA Truck is being acquired by DB Schenker in a $435 million deal announced June 24.

Connor D. Wolf | Staff Reporter
June 24, 2022
Business, Equipment, For-Hire, TCA

UPS Donates Semi-Tractor to Georgia Technical College

ALBANY, Ga. — UPS Inc. has agreed to donate a semi-tractor to Albany Technical College at the Logistics Education Center on the college’s main campus.

June 24, 2022
Business, For-Hire

FedEx Reports Quarterly, Annual Revenue Growth

FedEx Corp. reported strong fourth-quarter and full-year earnings on June 23 that were close to meeting Wall Street expectations.

Dan Ronan | Senior Reporter
June 23, 2022
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